How did RDI's revenue and expenses shift in Q4 2024?
5/7/2025 05:31pm
In Q4 2024, Reading A (RDI) experienced a decline in revenue and an increase in net losses, primarily due to a 5% decrease in the change in property and equipment, which is a key indicator of the company's financial performance. Here's a detailed analysis:
1. **Revenue Shift**:
- RDI's total revenue for the quarter was $195.13 million, with $58.58 million coming from the Cinema segment and the remaining from the Real Estate segment.
- The Cinema segment contributed $140.57 million, and the Real Estate segment contributed $15.4 million and $11.38 million, respectively.
2. **Expense Shift**:
- The company's net income was -$2.36 million, indicating a significant loss for the period.
- Operating expenses, financing expenses, and investment expenses were not provided separately, but the overall financial performance shows a substantial decline in profitability.
3. **Investment and Financing**:
- The change in property and equipment saw a decrease of 5%, which could suggest a reduction in investment or a decrease in the value of assets related to property and equipment.
- This decline, coupled with the negative net income, points to a challenging financial period for RDI, with the company needing to address operational and financial strategies to improve profitability.
In conclusion, RDI faced a difficult quarter in Q4 2024, characterized by a decline in revenue and a substantial increase in net losses. The company's focus should be on strategic initiatives to boost revenue and manage expenses more effectively to turn around its financial performance.
|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|RDI|RDI.O|Reading A|20240101-2024|Real Estate|1.5397E7|186|
|RDI|RDI.O|Reading A|20240101-2024|Real Estate|1.1381E7|186|
|RDI|RDI.O|Reading A|20240101-2024|Real Estate|7648000|186|
|RDI|RDI.O|Reading A|20240101-2024|Real Estate|3781000|186|
|RDI|RDI.O|Reading A|20240101-2024|Real Estate|3781000|186|
|RDI|RDI.O|Reading A|20240101-2024|Cinema|4.1271E7|186|
|code|Ticker|Name|Date|Net Income YoY|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|---|
|RDI|RDI.O|Reading A|2024 Q1|-18.3592370187213|4.5052E7|-1.3403E7|186|
|RDI|RDI.O|Reading A|2024 Q2|-354.42153093324015|4.6809E7|-1.3001E7|186|
|RDI|RDI.O|Reading A|2024 Q3|-59.88801791713326|6.009E7|-7139000|186|
|RDI|RDI.O|Reading A|2024 Q4|81.2126047068209|5.8576E7|-2355000|186|
|code|Ticker|Name|Date|Interest Expenses|Operating Expenses|Return on Investment|market_code|
|---|---|---|---|---|---|---|---|
|RDI|RDI.O|Reading A|20240331|||-5.821222|186|
|RDI|RDI.O|Reading A|20240630|||-11.376209|186|
|RDI|RDI.O|Reading A|20240930|||-14.45128|186|
|RDI|RDI.O|Reading A|20241231|||-16.067966|186|